News

Monday 19th February 2018

Good morning

While the dollar index fell to a 3 year low on Friday, Treasury bond yields rose to their highest levels in 10 years following speculation the US will raise their interest rates at the next meeting in March.

GBP/USD touched an 11 year high of 1.4150, opening around 1.40 today.

On the other hand, GBP/EUR has remained fairly range bound around 1.13.

US Bank Holiday today for President’s Day and Chinese New Year (Year of the Dog) dominating most of the week too.

The tickertape rates shown are Interbank rates. These are the rates at which banks deal with each other in amounts over £5 million. Therefore, the actual rate received will be determined by the amount traded. Although we believe them to be correct, they are provided by an external source and should be used for indication purposes only as we cannot guarantee their accuracy.